A researcher at the Atomic Energy Commission discovered a new material with properties for storing electricity. He undertook the first technology development with grants from the French government. In 2013 a company was set up with EUR 2.5 million from VCs. After exploring different market applications they decided to focus on 3 applications: 1. Electronic work tools, 2. Forklifts and 3. Electric bicycles. The company aspires to become a battery manufacturer but this is an ambition for which credibility among industry players (a B2B market) and different skills are needed. They developed new capabilities by attracting the right people, collaborating with different types of partners (equipment suppliers, lead users and academic / technology partners).
Open innovation for SME's
